AI development tool - As I always say, AI is an assistance to the studios. AI will help Winking Studios. In fact, there is a likelihood it will assist them in new revenue leading to more earnings!

 

https://links.sgx.com/1.0.0/corporate-announcements/8RZLUQ0SV39KOGQF/444cbbe1e241b5225aada9c2e74c694deafedfbd618b3a7bccf69be51816db16

Is there a possibility of an arbitrage opportunity?

 

https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-welcomes-winking-studios-aim-market

Interesting new investor for the company.

 

https://www.chaincatcher.com/en/article/2152210

More acquisitions coming your way.

 

https://ukinvestormagazine.co.uk/new-aim-admission-winking-studios-plans-acquisition-strategy/

Tencent beats estimates with 47% profit jump, driven by video gaming
Video gaming sales, traditionally Tencent&rsquo s strongest revenue driver, grew 14% in the domestic market

Profit reached 53.2 billion yuan (US$7.4 billion) in the three months ended September, up from 36.2 billion yuan in the same period a year ago. That exceeded the consensus estimates of 45.3 billion yuan from analysts polled by Bloomberg.

Revenue for the Shenzhen-based firm reached 167.2 billion yuan, up 8 per cent year on year from 154.6 billion. It was in line with analyst estimates of 167.9 billion yuan.

&ldquo During the third quarter of 2024, we delivered robust revenue growth in our games business, underpinned by consistent performance of evergreen games globally and contributions from new games with evergreen potential,&rdquo said Tencent founder and CEO Pony Ma Huateng.

&ldquo We are increasingly seeing tangible benefits of deploying [artificial intelligence (AI)] across our products and operations, including marketing services and cloud, and will continue investing in AI technology, tools and solutions that assist users and partners,&rdquo Ma said.

Tencent&rsquo s shares closed flat at HK$403.8 on Wednesday ahead of the results. The stock has risen over 36 per cent this year amid a wider rebound in the market since September.

The results came after Tencent enjoyed its first full-quarter contribution of  Dungeon & Fighter (DnF) Mobile, which was released in May and became an instant hit in China. Its other mobile titles have also shown strong performances.

Video gaming sales, traditionally Tencent&rsquo s strongest revenue driver, grew 14 per cent in the domestic market while rising 9 per cent overseas, reaching 37.3 billion yuan and 14.5 billion yuan, respectively. The strong domestic growth came on the back of titles including  Valorant,  Honour of Kings,  Peacekeeper Elite  and  DnF Mobile, the company said.

Honor of Kings,  DnF Mobile,  Peacekeeper Elite  and  Battle of the Golden Spatula  were the four highest-grossing games in Apple China&rsquo s iOS store in September, according to data from analytics firm Sensor Tower.

The Chinese tech giant&rsquo s game portfolio also expanded during the quarter after it had new titles approved by the government in every month from July to September.

The recent success of Chinese games such as  Black Myth: Wukong  means local studios are operating in a large home market that adapts to new trends quickly, Tencent chief strategy officer James Mitchell said on a conference call with analysts on Wednesday.

&ldquo Whether internationally or domestically, the scarce resource in the industry is really evergreen games,&rdquo Mitchell said. Tencent&rsquo s strategy to tackle this is to leverage both its in-house studios as well as the investments and partnerships with external studios, which the company is seeking to deepen, he added.

Tencent president Martin Lau Chi-ping said the company was &ldquo very open-minded&rdquo about new collaborations, but they had to make sense and be &ldquo safe&rdquo for users and content partners.

Elaborating on the &ldquo tangible benefits&rdquo of AI mentioned by Ma, Lau said the most significant application now is content recommendation and advertising, as AI can help generate significant additional user time and a higher incremental targeting rate in these two cases.

The company is also exploring new cloud-computing opportunities overseas, banking on rising demand for AI technologies globally to offset competition at home, where major players and start-ups are engaged in a full-fledged price war.

However, Lau said Tencent&rsquo s cloud-based AI business still lags behind US peers in revenue due to the lack of &ldquo a big enterprise market&rdquo and &ldquo a vibrant SaaS ecosystem&rdquo in China. &ldquo The AI revenue in China on the cloud side is somewhat at scale for us, but I think it would not be exploding like in the US,&rdquo he said.

Revenue from Tencent&rsquo s value-added services, comprising the company&rsquo s video gaming and social network businesses, came in at 82.7 billion yuan in the third quarter of 2024, up 9 per cent from a year ago.

Tencent&rsquo s revenue from marketing services, previously known as its online advertising business, grew by 17 per cent year on year to 30 billion yuan in the September quarter. The demand for ads in WeChat&rsquo s Video Accounts, Mini Programs and Weixin Search helped propel the advertising performance, as ad spending from games and e-commerce industries saw year-on-year increases. Combined monthly active users for Weixin and WeChat had reached 1.38 billion by the end of September.

The gross merchandise value, a metric for e-commerce sales, in WeChat&rsquo s Mini Program was 2 trillion yuan in the third quarter with a high teens year-on-year growth, on the back of food ordering, electric vehicle charging and medical services, according to the company.

Revenue from fintech and business services grew 2 per cent to 53.1 billion yuan in the quarter, as payment services sales declined amid weakened consumption spending.

Lau said the company was encouraged by Beijing&rsquo s economic policies, and that it saw an uptick in transaction value in October after the economic stimulus was announced.

&ldquo We believe that economic growth would eventually re-accelerate, although the timing may be uncertain,&rdquo said Lau, adding that the experience of going through regulatory scrutiny in China means it is ready to actively comply with rules and regulations around the world amid changing geopolitical conditions.

After getting dual listed, there is a chance for more investors to come in. Furthermore, there is more cash for innovation. Wait for it...

 

https://www.gamesindustry.biz/winking-studio-raises-10m-as-part-of-dual-listing-on-london-stock-exchange

Interesting - lets see how this pans out.

 

https://www.businesstimes.com.sg/companies-markets/winking-studios-seeks-dual-listing-aim-market

Winking Studios Launches GenMotion.AI to Revolutionize 3D Animation Design - I have said before. AI will assist the company to grow!

 

https://www.prnewswire.com/news-releases/winking-studios-launches-genmotionai-to-revolutionize-3d-animation-design-302237471.html

Amazing discussion with the CEO.

 

https://thejoyfulinvestors.com/staying-on-top-of-their-game-johnny-jan-on-winking-studios-gameplay-to-drive-sustained-growth/?utm_source=rss& utm_medium=rss& utm_campaign=staying-on-top-of-their-game-johnny-jan-on-winking-studios-gameplay-to-drive-sustained-growth

The company collaborates with 22 out of 25 game developers. Consider this: if EA Sports continues to produce FIFA yearly, it would provide the company with a recurring annual income. It' s worth considering the company' s recurring income potential, as this highlights its value and stability.

 

https://links.sgx.com/1.0.0/corporate-announcements/1XM2E5Y3FCNKCX5G/b4e11e7a29bd979aaabd687e1d3b5dccaab150c762c9aea7b06d134042395715